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Economic Data Calls for Feb 26, 2019
Here’s what we are looking for in tomorrow’s economic reports (Feb 26, 2019) — Good Luck Trading!
1. US Housing Starts & Building Permits (08:30 ET) Bearish USD -- House prices are falling in the uS and the data is expected to reflect that
2. US Consumer Confidence (10:00 ET) Bullish USD -- Potential upside surprise given rise in stocks and University of Michigan Index
3. US Fed Chair Powell Testimony (10:00 ET) No Trade -- Biggest event of the day, tough call. Powell should be less hawkish but tariff extension could ease their concerns
4. NZ Trade Balance (14:45 ET) Bearish NZD -- Potential downside surprise given weaker manufacturing PMI